ZHONGMIAO Holdings completes the equity transfer of the acquisition of Kechuang Rongxin, accelerating the construction of an ecological financial technology blueprint

On October 24th, ZHONGMIAO (01471) successfully completed the delivery of the agreement for the strategic stake in Beijing Kechuang Rongxin Technology Co., Ltd. (referred to as: Kechuang Rongxin). This marks an important milestone for ZHONGMIAO's transformation from an insurance technology field to an ecological financial technology service provider, with Kechuang Rongxin officially becoming a new member of ZHONGMIAO's financial technology ecosystem. ZHONGMIAO completes equity delivery for the acquisition of Kechuang Rongxin As previously announced, ZHONGMIAO acquired 55% of Kechuang Rongxin's equity for RMB 165 million in cash, becoming its controlling shareholder. After the completion of the delivery, Kechuang Rongxin's performance, assets, and liabilities will be consolidated into ZHONGMIAO's financial statements, injecting new momentum into the company's revenue diversification and profit growth. Kechuang Rongxin, which is now part of ZHONGMIAO's financial technology ecosystem, is a seasoned service provider with nearly 20 years of deep cultivation in the financial technology field. Since its establishment in 2004, Kechuang Rongxin has focused on financial technology and financial information services, with core businesses in RMB circulation management and clearing systems, providing specialized software and data services to banking financial institutions. With stable technical strength and high-quality service experience, Kechuang Rongxin has accumulated core customer resources covering several state-owned banks and regional commercial banks, and its average profit has remained stable at over RMB 30 million in the past six years, demonstrating solid financial performance. As an ecological financial technology enterprise under Haier Group, ZHONGMIAO has always regarded technological innovation as its core competitiveness. In recent years, the company has continuously increased its resource investment in cutting-edge technology fields such as artificial intelligence, big data, and blockchain, successfully creating standardized technological products such as smart claims and risk reduction while empowering the digital upgrade of insurance services. In the first half of 2025, ZHONGMIAO achieved revenue of RMB 114 million, a year-on-year increase of 28.4%; the profit attributable to equity shareholders was RMB 25.063 million, a year-on-year increase of 16.2%, reflecting the market's recognition of the company and providing solid support for strategic expansion. Focusing on the differentiated model of "technology + scenario + ecology," supporting continuous iteration of user experience, and actively expanding the financial technology business ecosystem is ZHONGMIAO's clear long-term strategic goal. To achieve this goal, the company conducts precise layout around the two core tracks of insurance technology and financial technology, continuously improving the business ecosystem through strategic investments and acquisitions. In the selection of targets, "strategic synergy" has always been the company's core criterion, with a focus on assessing whether the target can complement existing businesses in terms of technical capabilities, resource channels, and talent teams, ultimately achieving the integration value of "1+1>2." The collaboration with Kechuang Rongxin is a key practice of the company's strategic synergy concept. From the perspective of technical capability integration, ZHONGMIAO's accumulation in AI risk control and big data analysis deeply integrates with Kechuang Rongxin's mature experience in banking system management. In the future, both parties can jointly develop cross-industry financial digital products such as a risk management system linking "banking + insurance," providing more comprehensive solutions for financial institutions From the perspective of customer resource synergy, the bank customer base covered by KeChuang RongXin provides a new business scenario entry for ZHONGMIAO Holdings, allowing ZHONGMIAO Holdings to extend risk management services to banks and their stakeholders. At the same time, ZHONGMIAO Holdings' insurance institution clients will also provide potential application space for technologies such as KeChuang RongXin's financial asset digital process management system. The cross-empowerment of both parties' customer resources will further tap into market demand potential. Currently, the strategy of building a strong financial nation is continuously advancing, and the process of domestic substitution is accelerating. The financial technology industry is ushering in historic development opportunities. The People's Bank of China has issued the "Financial Technology Development Plan (2025-2027)," which clearly states that by 2027, the digitalization rate of financial institutions will exceed 85%, and the process of information technology application innovation (XinChuang) substitution will be accelerated. This is highly aligned with ZHONGMIAO Holdings' strategic direction and provides policy dividends for the collaborative development between the company and KeChuang RongXin. Looking ahead, ZHONGMIAO Holdings will join hands with KeChuang RongXin, relying on policy support to increase investment in the research and development of financial XinChuang products, promote the landing application of related products in financial institutions, and assist the industry in achieving digital transformation goals. The company will take this equity delivery as a starting point to further integrate the technology, talent, and customer resources of both parties, expand the scale of business services, and continuously improve revenue and profit levels while enhancing market share in the financial technology field, thereby delivering outstanding performance to repay investors' trust and contributing more "ZHONGMIAO strength" to the upgrade of the financial technology industry